ADIA Buys SpiceJet Shares
Posted on 03/06/2024
SpiceJet has reported that Abu Dhabi’s ADIA acquired its shares in the open market. Questions remain about the size of ADIA’s stake. ADIA began its purchasing last month. SpiceJet confirmed the purchases with the comment: “ADIA has acquired shares of the airline from the open market.” SpiceJet has raised Rs 1,060 crore from preferred securities…
